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Subject:  Re: Proxy Question Date:  3/27/2012  12:18 AM
Author:  pauleckler Number:  46521 of 46936

If we believe in its long term prospects, shouldn't we at least try to effect change by exercising our votes?

Sure, but proxy fights almost never succeed, and certainly not from individual small investors voting their shares.

CEOs of major corporations serve at the pleasure of major shareholders. If they lose support of those shareholders, they don't last long. Those major shareholders usually can easily outvote the other shareholders. Hence, CEO can usually pass or reject whatever shareholder initiatives he likes. Small investors rarely matter.
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